Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. If the average of a sample size of 250 measures is $4 million and the standard deviation of the sample is $900000 what are
1. If the average of a sample size of 250 measures is $4 million and the standard deviation of the sample is $900000 what are the lower and upper bounds of the 95% confidence interval?
2. What is the probability that zero or less would occur in that population?
3. What is the probability that the return will be greater than $8 million?
4. What is the probability that the population mean would be greater than $8 million?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started